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johnpfeifer4
Apr 10, 2021 5:36 PM

HMBL descending triangle spells trouble Short

HUMBL Inc.OTC

Description

HMBL in a descending triangle, if it doesn't hold the .382 fib look the the next support level at 200EMA... Then you'll see it drop to the POC on the Volume Profile. I have no active trades, I've taken profits from this ticker... but I'm convinced they are selling snake oil with a team that can't deliver on their promises. I still don't understand what they want to be when they grow up? Do they want to sell tickets online (the Tickeri acquisition is a head scratcher)? Do they want to compete with eBay and Etsy in the artisan space? Do they want to be a fintech and compete with BABA, PYPL, SQ and others? Do they want to be a crypto company? This company lacks focus and for that reason, I'm out!
Comments
DaveBrink16
WRONG LOL
johnpfeifer4
@DaveBrink16, you ok buddy?
DaveBrink16
@johnpfeifer4, I'm fine, was never in for the short term...app release tomorrow among other fantastic features in the future. I'm sitting pretty bud, but I appreciate your concern!
johnpfeifer4
@DaveBrink16, hope you took profits!
gabe-arroyo
@johnpfeifer4, Definitely hope profits were taken at this point!
DaveBrink16
@johnpfeifer4, OH and by the way, your chart has this going to .55 LOL
johnpfeifer4
@DaveBrink16, this one will eventually go to ZERO IMHO.
DaveBrink16
@johnpfeifer4, BUT BUT BUT it's heading the wrong way...man we are super close to that .55 mark LOL
johnpfeifer4
@DaveBrink16, 9EMA has crossed over both the 50EMA and 200EMA. This is really bad news and this chart shows a stock in a death spiral. They really need a positive catalyst soon to stop the bleeding. 9EMA must reclaim the 200EMA for this one to have a shot. My guess is that we see another big move down soon (next two weeks) after it's done consolidating at these levels. The Volume Profile is way too strong down there.
rphilli23
Really wish I would have looked at this on April 10th. Official bag holder now.
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